Chibuike_Odoh

SUPERUSDT (SUPERFARM) - POTENTIAL BUY ENTRY

Long
BINANCE:SUPERUSDT   SUPER / TetherUS
ANALYSIS πŸ”Ž
- SUPERUSDT was bounded in the falling wedge ( FW ) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's ( FW ) resistance as expected.
- The market then retraced.
- The retracement is resisted by the descending trendline resistance ( DTR ).

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance ( DTR ) .

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).

SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).

Comments

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